Essay
Annie has taxable income of $100,000,a regular tax liability of $21,176,a positive AMT adjustment due to limitations on itemized deductions of $20,000,and tax preferences of $25,000 in 2014.Annie is single and takes a $3,950 personal exemption for herself only. What is Annie's AMT for 2014?
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*$52,800 ...View Answer
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Correct Answer:
Verified
*$52,800 ...View Answer
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